SharpEdge Alligator MT4 EA – EA MetaTrader 4

This EA offers Alligator trend detection, customizable settings, and automated trade execution, with features like adjustable Moving Average parameters and close-on-next-signal functionality.

Parameters

Configurable Moving Average Settings:

Integrates the Alligator Indicator with adjustable periods for Jaw, Teeth, and Lips.

Automated Trade Execution:

Automatically opens and closes trades based on trend conditions derived from the Alligator Indicator.

Supports both buy and sell orders with predefined conditions for execution.

Close-on-Next-Signal Functionality:

Automatically closes trades when a reverse signal is detected, helping to manage risks effectively.

Customizable Parameters:

Trade Lot Size: Allows users to set their desired position size.

Stop Loss and Take Profit: Configurable in pips to manage risks and secure profits.

Slippage Tolerance: Ensures trade execution within acceptable price ranges.

Minimum Bars: Defines the minimum number of bars needed before trading begins.

User-Controlled Trade Activation:

Allows users to enable or disable trading with a simple toggle, giving them full control over the EA’s activity.

Trend Detection Logic:

Detects bullish and bearish trends using the Alligator Indicator’s Jaw, Teeth, and Lips.

Compares current and previous values to identify trend direction and reversals accurately.

Scalable and Flexible Design:

The code is structured for easy customization and extension, making it suitable for traders of all levels.

Efficient Resource Utilization:

Includes checks for the minimum number of bars and real-time data updates to optimize performance.